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AI brief of an SEC Form 8-K · Fortrea (FTRE)

Fortrea Q3 revenue falls to $691.5 million; full-year guidance midpoints raised

Mixed Impact 4 of 5 earnings

Fortrea reported third-quarter 2026 revenue of $691.5 million, down from $701.3 million a year earlier, while adjusted diluted EPS rose to $0.28 from $0.12 and GAAP net income was $0.6 million, compared with a $15.9 million loss. The company raised the midpoints of its 2026 revenue and adjusted EBITDA guidance and narrowed the ranges. It also reduced backlog by $558 million after a contract review, which it said does not affect historical results or 2026 guidance.

Key points

  • Q3 revenue was $691.5 million, compared with $701.3 million in Q3 2025
  • Adjusted diluted EPS was $0.28 vs. $0.12; adjusted EBITDA was $58.0 million vs. $50.7 million
  • 2026 guidance: revenue of $2,665 million to $2,690 million and adjusted EBITDA of $210 million to $218 million, with midpoints raised
  • Backlog was reduced by $558 million to $7,316 million; book-to-bill ratio was 1.12x

The filing

CompanyFortrea (FTRE)
Form8-K, current report
Filed with the SECOct 29, 2026, 6:38 AM ET
Accession number0001965040-26-000146

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.